VC Fund Investments
Proptech startup hBits raises Rs.20-Cr from Snow Leopard Technology Ventures, others
Mumbai-based fractional real estate ownership platform hBits has raised about INR 20 crore from Snow Leopard Technology Ventures, Incred Capital and angel investors including IIFL chairman Nirmal Jain. Jungle Ventures' former managing partner Jayesh Parekh and Nomura Services' former managing director Awdhesh Krishna also invested in the round. hBits offers fractional ownership to investors in grade A commercial properties by using machine learning to gather historical sale and rental data, which is available on its platform for general access. The property technology company is planning to scale up various activities, including acquisition of new assets under management, customer acquisition and expansion of the business to newer cities.
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